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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and HUTCHMED (China) Ltd (HCM). Click either name above to swap in a different company.

HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $162.5M, roughly 1.7× Bitcoin Depot Inc.). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs 0.7%, a 2.7% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs -16.5%). HUTCHMED (China) Ltd produced more free cash flow last quarter ($3.4M vs $2.5M).

Bitcoin Depot Inc. is one of the largest cryptocurrency ATM operators across North America. It provides retail consumers with accessible in-person kiosks to buy and sell Bitcoin and other leading digital assets, alongside online crypto purchase services via bank transfer. Its self-service kiosks are located in high-traffic retail spaces including grocery stores, gas stations and convenience stores.

HUTCHMED (China) Ltd is a biopharmaceutical firm focused on discovering, developing and commercializing targeted and immunotherapies for oncology and immunological diseases. It operates across China and global markets, with multiple marketed oncology drugs and a robust pipeline of late-stage clinical candidates addressing unmet patient needs.

BTM vs HCM — Head-to-Head

Bigger by revenue
HCM
HCM
1.7× larger
HCM
$270.8M
$162.5M
BTM
Growing faster (revenue YoY)
BTM
BTM
+36.7% gap
BTM
20.1%
-16.5%
HCM
Higher net margin
BTM
BTM
2.7% more per $
BTM
3.4%
0.7%
HCM
More free cash flow
HCM
HCM
$807.0K more FCF
HCM
$3.4M
$2.5M
BTM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BTM
BTM
HCM
HCM
Revenue
$162.5M
$270.8M
Net Profit
$5.5M
$2.0M
Gross Margin
37.7%
Operating Margin
7.3%
-13.2%
Net Margin
3.4%
0.7%
Revenue YoY
20.1%
-16.5%
Net Profit YoY
690.4%
-83.6%
EPS (diluted)
$0.08
$0.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BTM
BTM
HCM
HCM
Q4 25
$270.8M
Q3 25
$162.5M
Q2 25
$172.1M
$277.7M
Q1 25
$164.2M
$324.5M
Q3 24
$135.3M
Q2 24
$163.1M
$305.7M
Q1 24
$138.5M
Q4 23
$148.4M
Net Profit
BTM
BTM
HCM
HCM
Q4 25
$2.0M
Q3 25
$5.5M
Q2 25
$6.1M
$455.0M
Q1 25
$4.2M
$11.9M
Q3 24
$-939.0K
Q2 24
$-2.6M
$25.8M
Q1 24
$-1.5M
Q4 23
$-8.3M
Gross Margin
BTM
BTM
HCM
HCM
Q4 25
37.7%
Q3 25
Q2 25
0.1%
Q1 25
48.0%
Q3 24
Q2 24
41.1%
Q1 24
Q4 23
Operating Margin
BTM
BTM
HCM
HCM
Q4 25
-13.2%
Q3 25
7.3%
Q2 25
9.2%
-1.3%
Q1 25
10.8%
-5.0%
Q3 24
4.1%
Q2 24
4.7%
-9.0%
Q1 24
0.5%
Q4 23
2.6%
Net Margin
BTM
BTM
HCM
HCM
Q4 25
0.7%
Q3 25
3.4%
Q2 25
3.5%
163.8%
Q1 25
2.6%
3.7%
Q3 24
-0.7%
Q2 24
-1.6%
8.4%
Q1 24
-1.1%
Q4 23
-5.6%
EPS (diluted)
BTM
BTM
HCM
HCM
Q4 25
$0.00
Q3 25
$0.08
Q2 25
$0.16
$0.52
Q1 25
$0.20
$0.01
Q3 24
$-0.05
Q2 24
$-0.13
$0.03
Q1 24
$-0.25
Q4 23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BTM
BTM
HCM
HCM
Cash + ST InvestmentsLiquidity on hand
$59.3M
$1.4B
Total DebtLower is stronger
$67.5M
$93.2M
Stockholders' EquityBook value
$21.0M
$1.2B
Total Assets
$125.3M
$1.8B
Debt / EquityLower = less leverage
3.21×
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTM
BTM
HCM
HCM
Q4 25
$1.4B
Q3 25
$59.3M
Q2 25
$48.0M
$1.4B
Q1 25
$35.0M
$836.1M
Q3 24
$32.2M
Q2 24
$43.9M
$802.5M
Q1 24
$42.2M
Q4 23
$29.8M
Total Debt
BTM
BTM
HCM
HCM
Q4 25
$93.2M
Q3 25
$67.5M
Q2 25
$66.5M
$93.4M
Q1 25
$56.2M
$82.8M
Q3 24
$44.5M
Q2 24
$41.2M
$82.1M
Q1 24
$37.6M
Q4 23
$22.5M
Stockholders' Equity
BTM
BTM
HCM
HCM
Q4 25
$1.2B
Q3 25
$21.0M
Q2 25
$4.7M
$1.2B
Q1 25
$-4.6M
$759.9M
Q3 24
$-7.9M
Q2 24
$4.4M
$740.1M
Q1 24
$5.0M
Q4 23
Total Assets
BTM
BTM
HCM
HCM
Q4 25
$1.8B
Q3 25
$125.3M
Q2 25
$109.1M
$1.8B
Q1 25
$89.7M
$1.3B
Q3 24
$87.4M
Q2 24
$97.5M
$1.3B
Q1 24
$90.1M
Q4 23
$74.3M
Debt / Equity
BTM
BTM
HCM
HCM
Q4 25
0.08×
Q3 25
3.21×
Q2 25
14.18×
0.08×
Q1 25
0.11×
Q3 24
Q2 24
9.27×
0.11×
Q1 24
7.54×
Q4 23

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BTM
BTM
HCM
HCM
Operating Cash FlowLast quarter
$6.6M
$8.2M
Free Cash FlowOCF − Capex
$2.5M
$3.4M
FCF MarginFCF / Revenue
1.6%
1.2%
Capex IntensityCapex / Revenue
2.5%
1.8%
Cash ConversionOCF / Net Profit
1.20×
4.21×
TTM Free Cash FlowTrailing 4 quarters
$27.1M
$-96.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTM
BTM
HCM
HCM
Q4 25
$8.2M
Q3 25
$6.6M
Q2 25
$10.2M
$-72.9M
Q1 25
$16.3M
$40.3M
Q3 24
$5.8M
Q2 24
$10.1M
$-39.8M
Q1 24
$1.3M
Q4 23
$7.5M
Free Cash Flow
BTM
BTM
HCM
HCM
Q4 25
$3.4M
Q3 25
$2.5M
Q2 25
$9.8M
$-82.2M
Q1 25
$15.9M
$32.5M
Q3 24
$-1.0M
Q2 24
$7.6M
$-49.9M
Q1 24
$789.0K
Q4 23
FCF Margin
BTM
BTM
HCM
HCM
Q4 25
1.2%
Q3 25
1.6%
Q2 25
5.7%
-29.6%
Q1 25
9.7%
10.0%
Q3 24
-0.8%
Q2 24
4.7%
-16.3%
Q1 24
0.6%
Q4 23
Capex Intensity
BTM
BTM
HCM
HCM
Q4 25
1.8%
Q3 25
2.5%
Q2 25
0.2%
3.3%
Q1 25
0.2%
2.4%
Q3 24
5.0%
Q2 24
1.5%
3.3%
Q1 24
0.4%
Q4 23
Cash Conversion
BTM
BTM
HCM
HCM
Q4 25
4.21×
Q3 25
1.20×
Q2 25
1.67×
-0.16×
Q1 25
3.88×
3.38×
Q3 24
Q2 24
-1.54×
Q1 24
Q4 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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